Bank Suite
OpenNow/FundNow Express
Deploy Online Account Opening in Two Weeks!
OpenNow/FundNow Express offers an online account opening solution that provides the appropriate combination of advanced features and functionalities and simple implementation and maintenance - all at a price point that enables an immediate and positive ROI for your institution.
Specifically designed to meet the needs of small and mid-sized institutions, ONFN Express enables these institutions to be more competitive by providing their customers with the same online features and capabilities as the industry leaders.
Key Features
Increased Account Acquisition - Turns prospects into customers by providing them with an enhanced user interface, shorter application processing time and a choice of quick and easy funding methods.
Simpler, Faster Implementation - Launch online account opening and funding in as little as two weeks with an easy to configure, hosted solution.
Proven Technology - Provides institutions with the same proven technology and benefits as our industry leading solution, OpenNow/FundNow, which processed almost 1.7 million applications in 2007.
- Instant Identity Verification and Decisioning - Leverages multiple industry data sources to offer robust ID verification that meets all regulatory requirements.
- Enhanced Account Verification - Facilitates verification of funding account ownership through real-time verification and trial deposits.
- Convenient Funding - Offers multiple funding options for added consumer convenience including next-day funds availability.
- Standard Business Rules - Provides institutions with options for business rules sets for applicant decisioning that are based on industry best practices.
- Customizable Workflow - Enables banks to create workflows to manage pending application and conduct targeted follow-up.
Branded User Interface - Offers institutions the ability to brand the user interface with their own logo and graphic identity.
Comprehensive Risk Management - Leverages CashEdge's risk management and compliance services which provide access to best-of-breed risk management tools and databases.
Benefits to Financial Institutions
- Increased account close rate
- Capture assets quickly
- Lower cost of acquisition
- Consistent decisioning
- Reduced risk (account verification)
- Greater ROI from online channel
- Faster Implementation
- Low upfront cost
Benefits to Consumers
- Instant decision
- Fast access to new account
- Superior user interface
“CashEdge's OpenNow/FundNow solution processed more than 1.7 million applications in 2007”
